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Ambani dispute: Andhra company in the fray

By BS Reporter in New Delhi
July 17, 2009 12:45 IST
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Andhra Pradesh-based Gautami Power Ltd has filed an application in the Supreme Court seeking to intervene in the case involving the two companies of Ambani brothers.

The power company, which is in an existing contract with RIL for the supply of 1.8 mmscmd a day of gas, said its right as a third party would be affected in case interim relief is granted to RNRL.

Clarifying that it was not a party to the dispute between the two Reliance companies, Gautami in its petition termed RNRL action as a 'spoiler' as its power plants are yet to be commissioned and natural gas is not required by it.

"No agreement, MoU between two private parties can override a policy of the government of India and a decision of the empowered group of ministers which are binding on all," it said.

The company goes on to say that RNRL was trying to create a monopoly over national resources and any relief to it would be against the policies of the government.

Gautami is owned by the GVK group and has a 469 mw gas-based combine cycle power plant at Peddapuram in Andhra Pradesh.

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BS Reporter in New Delhi
Source: source